Stock Groups

Bitcoin ‘death cross’ that pushed BTC price to $28.8K reappears -Breaking

[ad_1]

© Reuters.

The () is soon to receive a technical signal.BTC() Daily Chart.

December 18th, the BTC will see a significant drop in price Death crossThe market indicator referred to as, which is when a short-term move average drops below a long term average. Bitcoin’s 20-day exponentially moving average (20-day EMA), closes below its 200 day exponential moving mean (200-day EMA).

Daily price chart with May 2021 death cross. TradingView
BTC/USD price chart with March 2020 death cross. TradingView
BTC/USD Daily Price Chart Source: TradingView
BTC/USD daily chart with RSI breakouts TradingView
BTC/USD 4-hour chart comparing RSI Trends from Sep. 2021 to Dec. 2021 TradingView